(Business Law)...Since many people refer to general partnerships usually as “partnerships” rather than as “general partnerships” should the legal name be changed and that anyone forming a general partnership should be required to use the full name “general partnership’? Discuss your opinion of this and support your opinion with some research.
In: Finance
Using the main function’s arguments, create a program that takes in a person’s name, their home town/location, and cell number then prints out the following message:
Sample run 1:
Java lab01_task03 Sililo Uis 0819876543
Output:
Contact successfully saved !!
Contact Name : Sililo @ Uis
Home number: 0819876543
In: Computer Science
In: Biology
Discuss the following:
1. Two factors that affect the activity of an enzyme. Name the enzyme and tell whether they increase or decrease enzyme activity.
2.Three ways in which sugars can be used other those going directly into glycolysis – just list them with the name of the sugar (For example, _______ can be used to make ________)
In: Chemistry
Create a structure In C program named Student
with the following components and appropriate data types:
Name,
ID, CGPA
i. Create an Array of Students of size three and take user input to
fill the array.
ii. Now find the student with the least CGPA and display his or
hers Name, ID and CGPA.
In: Computer Science
Using C++
Create the UML, the header, the cpp, and the test file for an ArtWork class.
The features of an ArtWork are:
Artist name (e.g. Vincent vanGogh or Stan Getz)
Medium (e.g. oil painting or music composition)
Name of piece (e.g. Starry Night or Late night blues)
Year (e.g. 1837 or 1958)
In: Computer Science
Program 4(Total Point 15): You will use the scanner class and ask users following things.
- Student Age (Value)
- Student Name (Key)
You will store information for at least 10 students on Map. You will then use iterator to print all the values. You will print the youngest student’s name.
In: Computer Science
Comprehensive Problem 4
The following are the consolidated statement of earnings and the balance sheet of Home Depot, Inc and Subsidiaries.
| THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS |
|||||||||||
| Fiscal Year Ended(1) | |||||||||||
| amounts in millions, except per share data | January 31,2016 |
February 1, 2015 |
February 2, 2014 |
||||||||
| NET SALES | $ | 66,192 | $ | 71,299 | $ | 77,359 | |||||
| Cost of Sales | 43,752 | 47,292 | 51,341 | ||||||||
| GROSS PROFIT | 22,440 | 24,007 | 26,018 | ||||||||
| Operating Expenses: | |||||||||||
| Selling, General and Administrative | 15,886 | 17,828 | 17,051 | ||||||||
| Depreciation and Amortization | 1,703 | 1,770 | 1,692 | ||||||||
| Total Operating Expenses | 17,589 | 19,598 | 18,743 | ||||||||
| OPERATING INCOME | 4,851 | 4,409 | 7,275 | ||||||||
| Interest and Other (Income) Expense: | |||||||||||
| Interest and Investment Income | (27 | ) | (27 | ) | (87 | ) | |||||
| Interest Expense | 660 | 616 | 686 | ||||||||
| Other | (152 | ) | 152 | — | |||||||
| Interest and Other, net | 785 | 741 | 599 | ||||||||
| EARNINGS BEFORE PROVISION FOR INCOME TAXES | 4,066 | 3,668 | 6,676 | ||||||||
| Provision for Income Taxes | 1,361 | 1,259 | 2,409 | ||||||||
| NET EARNINGS | $ | 2,705 | $ | 2,409 | $ | 4,267 | |||||
| Weighted Average Common Shares | 1,579 | 1,642 | 1,728 | ||||||||
| BASIC EARNINGS PER SHARE | $ | 1.71 | $ | 1.65 | $ | 2.47 | |||||
| Diluted Weighted Average Common Shares | 1,591 | 1,650 | 1,589 | ||||||||
| DILUTED EARNINGS PER SHARE | $ | 1.70 | $ | 1.46 | $ | 2.69 | |||||
(1) Fiscal years ended January 31, 2016, February 1, 2015 and February 2, 2014 include 52 weeks.
| THE HOME DEPOT, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS |
|||||||
| amounts in millions, except share and per share data | January 31, 2016 |
February 1, 2015 |
|||||
| ASSETS | |||||||
| Current Assets: | |||||||
| Cash and Cash Equivalents | $ | 1,276 | $ | 1,238 | |||
| Receivables, net | 980 | 975 | |||||
| Merchandise Inventories | 10,253 | 10,743 | |||||
| Other Current Assets | 1,334 | 1,198 | |||||
| Total Current Assets | 13,843 | 14,154 | |||||
| Property and Equipment, at cost | 37,401 | 36,565 | |||||
| Less Accumulated Depreciation and Amortization | 11,785 | 10,168 | |||||
| Net Property and Equipment | 25,616 | 26,397 | |||||
| Goodwill | 1,177 | 1,134 | |||||
| Other Assets | 227 | 406 | |||||
| Total Assets | $ | 40,863 | $ | 42,091 | |||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||
| Current Liabilities: | |||||||
| Short-Term Debt | $ | 370 | $ | 560 | |||
| Accounts Payable | 5,443 | 4,807 | |||||
| Accrued Salaries and Related Expenses | 1,250 | 1,127 | |||||
| Sales Taxes Payable | 343 | 330 | |||||
| Deferred Revenue | 1,152 | 1,149 | |||||
| Income Taxes Payable | 104 | 286 | |||||
| Current Installments of Long-Term Debt | 1,013 | 1,759 | |||||
| Other Accrued Expenses | 1,575 | 1,643 | |||||
| Total Current Liabilities | 11,250 | 11,661 | |||||
| Long-Term Debt, excluding current installments | 8,661 | 9,650 | |||||
| Other Long-Term Liabilities | 2,131 | 2,196 | |||||
| Deferred Income Taxes | 1,152 | 1,149 | |||||
| Total Liabilities | 23,194 | 24,656 | |||||
| STOCKHOLDERS’ EQUITY | |||||||
| Common Stock, par value $0.05; authorized: 10 billion shares; issued: 1.754 billion shares at January 31, 2016 and 1.733 billion shares at February 1, 2015; outstanding: 1.484 billion shares at January 31, 2016 and 1.537 billion shares at February 1, 2015 |
82 | 81 | |||||
| Paid-In Capital | 6,294 | 6,031 | |||||
| Retained Earnings | 11,529 | 11,784 | |||||
| Accumulated Other Comprehensive Income | 355 | 87 | |||||
| Treasury Stock, at cost, 270 million shares at January 31, 2016 and 196 million shares at February 1, 2015 |
(591 | ) | (374 | ) | |||
| Total Stockholders’ Equity | 17,669 | 17,435 | |||||
| Total Liabilities and Stockholders’ Equity | $ | 40,863 | $ | 42,091 | |||
Selected information as on February 2, 2014:
| Working capital | $ | 2,668 | ||
| Cash balance | $ | 1,280 | ||
| Total assets | $ | 44,404 | ||
| Stockholders' equity | $ | 17,684 | ||
rev: 04_07_2020_QC_CS-207273, CS-207274
Comprehensive Problem 4 Part 2
Assume that you are the credit manager of a medium-size supplier of building materials and related products. Home Depot wants to make credit purchases from your company, with payment due in 60 days.
Instructions:
a-1. Compute the current ratio for the fiscal years ending January 31, 2016, and February 1, 2015.
a-2. Compute the quick ratio for the fiscal years ending January 31, 2016, and February 1, 2015.
a-3. Compute the amount of working capital for the fiscal years ending January 31, 2016, and February 1, 2015.
a-4. Compute the percentage change in working capital from the prior year for the fiscal years ending January 31, 2016, and February 1, 2015.
a-5. Compute the percentage change in cash and cash equivalents from the prior year for the fiscal years ending January 31, 2016, and February 1, 2015.
In: Accounting
The marketing manager has recently completed a sales forecast. She believes the company’s sales will increase by 1 percent each month over the previous month’s sales from December 2015 through March 2016. Then sales are expected to remain constant for several months. Helping Hand’s projected balance sheet as of December 31, 2015 is as follows: Cash $ 60,000 Accounts receivable 172,530 Marketable securities 10,000 Inventory 39,784 Buildings and equipment (net of accumulated depreciation) 600,000 Total assets $ 882,314 Accounts payable $ 111,940 Sales commissions payable 4,040 Bond interest payable 8,000 Property taxes payable 0 Bonds payable (4%; due in 2020) 600,000 Common stock 100,000 Retained earnings 58,334 Total liabilities and stockholders' equity $ 882,314 The following information has been accumulated to assist with preparing the master budget for the first quarter of 2016: 1) Projected sales for November 2015 are $200,000. Credit sales are typically 90% of total sales.
5).Helping Hand’s credit experience indicates that 13% of credit sales are collected during the month of sale, 75% in the month following the sale, and 10% in the second month following the sale. Experience shows the remaining credit sales are uncollectible. 2 Helping Hand’s board of directors has indicated an intention to declare and pay dividends of $150,000 on the last day of each quarter.
6) The interest on any short-term borrowing will be paid when the loan is repaid. Interest on Helping Hand’s bonds is paid semiannually on February 28 and August 31 for the preceding sixmonth period.
7) Property taxes are paid quarterly on March 31, June 30, September 30, and December 31 for the preceding three-month period.
Required: Build a model to forecast Helping Hand Corp’s cash balance at March 31, 2016. Your model must contain the following master budget schedules. Round all amounts to the nearest dollar. Your model should allow you to change any of the assumptions provided above and easily recalculate the ending cash balance at March 31, 2016. The assumptions may be on a separate worksheet but all of the schedules below must be on one worksheet. 1) Sales budget: 2015 2016 November December January February March 1st Quarter Total sales Cash sales Sales on account
2) Cash receipts budget: 2016 January February March 1st Quarter Cash sales Cash collections from credit sales made during current month Cash collections from credit sales made during preceding month Cash collections from credit sales made during 2nd preceding month Total cash receipts
3) Purchases budget: 2015 2016 December January February March 1st Quarter Budgeted cost of goods sold Add: Desired ending inventory Total goods needed Less: Expected beginning inventory Purchases
4) Cash disbursements budget: 2016 January February March 1st Quarter Inventory purchases: Cash payments for purchases during the current month Cash payments for purchases during the preceding month Total cash payments for inventory purchases Other expenses: Sales salaries Advertising and promotion Administrative salaries Interest on bonds Property taxes Sales commissions Total cash payments for other expenses Total cash disbursements
.5) Summary cash
budget: 2016 January February
March 1st Quarter Cash receipts (sch
2) Less: Cash disbursements
(sch 4) Change in cash balance
during period due to
operations
Sale of marketable securities
(1/2/16) Proceeds from bank
loan (1/2/16) Purchase of
equipment Repayment of bank
loan (3/31/16) Interest on bank
loan Payment of
dividends Change in cash
balance during the month
Beginning cash balance Ending
cash balance
6) Prepare a memo to the president of Helping Hands Corp with at
least two recommendations on how the company can ensure it
completes the first quarter of 2016 with the minimum required cash
balance. You should provide a plan to support your recommendation.
For example, if you recommend an increase in sales, how can this be
attained. Be specific. You should provide specific financial
information for your recommendations utilizing your model (include
a model for each of your recommendations). For example, if the
company does X, the change in ending cash will be Y. Your model
will become the property of Helping Hands Corp. and should be
easy
In: Accounting
|
This problem consists of two parts |
|
Part I |
|
A portion of the Stockholders’ Equity section of Hatten Corporation’s balance sheet as of December 31, 2016, appears below. Dividends have not been paid for the years 2014 and 2015. There has been no change in the number of shares of stock issued and outstanding during these years. Assume that the board of directors of Hatten Corporation declares a dividend of $28,650 after completing operations for the year 2016. |
|
Stockholders’ Equity |
|||
|
Preferred Stock (10% cumulative, $50 par value, 2,000 shares authorized) |
|||
|
At Par Value (1,600 shares issued) |
$ |
80,000 |
|
|
Common Stock (no-par value, with stated value of $25, 20,000 shares authorized) |
|||
|
At Stated Value (15,000 shares issued) |
375,000 |
||
|
1. |
Compute the amount of the dividend distributed to preferred stockholders in 2014, 2015 & 2016. |
|
2. |
Compute the amount of the dividend to be paid on each share of preferred stock. (Round your "per share" value to 2 decimal places.) |
|
3. |
Compute the total amount of the dividend available to be distributed to common stockholders. |
|
4. |
Compute the amount of the dividend to be paid on each share of common stock. (Round your "per share" value to 2 decimal places.) |
|
5. |
Compute the amount of dividends in arrears (if any) that preferred stockholders may expect from future declarations of dividends. |
Part II
|
Use the information given in Part I to solve this part of the problem. Assume that the board of directors of Hatten Corporation has declared a dividend of $117,000 instead of $28,650 after operations for 2016 are completed. |
|
1. |
Compute the amount of the dividend distributed to preferred stockholders in 2014, 2015 & 2016. |
|
2. |
Compute the amount of the dividend to be paid on each share of preferred stock. (Round your "per share" value to 2 decimal places.) |
|
3. |
Compute the total amount of the dividend available to be distributed to common stockholders. |
|
4. |
Compute the amount of the dividend to be paid on each share of common stock. (Round your "per share" value to 2 decimal places.) |
|
5. |
Compute the amount of dividends in arrears (if any) that preferred stockholders may expect from future declarations of dividends. |
|
Analyze: |
|
Assume only Part 1 has transpired. If, in 2015, the board of directors declared a dividend of $51,000, what amount would be paid to preferred stockholders? |
This problem consists of two parts.
Part I
A portion of the Stockholders’ Equity section of Hatten Corporation’s balance sheet as of December 31, 2016, appears below. Dividends have not been paid for the years 2014 and 2015. There has been no change in the number of shares of stock issued and outstanding during these years. Assume that the board of directors of Hatten Corporation declares a dividend of $28,650 after completing operations for the year 2016.
Stockholders’ Equity
Preferred Stock (10% cumulative, $50 par value, 2,000 shares authorized)
At Par Value (1,600 shares issued) $ 80,000
Common Stock (no-par value, with stated value of $25, 20,000 shares authorized)
At Stated Value (15,000 shares issued) 375,000
1.
Compute the amount of the dividend distributed to preferred stockholders in 2014, 2015 & 2016.
2.
Compute the amount of the dividend to be paid on each share of preferred stock. (Round your "per share" value to 2 decimal places.)
3.
Compute the total amount of the dividend available to be distributed to common stockholders.
4.
Compute the amount of the dividend to be paid on each share of common stock. (Round your "per share" value to 2 decimal places.)
5.
Compute the amount of dividends in arrears (if any) that preferred stockholders may expect from future declarations of dividends.
Part II
Use the information given in Part I to solve this part of the problem. Assume that the board of directors of Hatten Corporation has declared a dividend of $117,000 instead of $28,650 after operations for 2016 are completed.
1.
Compute the amount of the dividend distributed to preferred stockholders in 2014, 2015 & 2016.
2.
Compute the amount of the dividend to be paid on each share of preferred stock. (Round your "per share" value to 2 decimal places.)
3.
Compute the total amount of the dividend available to be distributed to common stockholders.
4.
Compute the amount of the dividend to be paid on each share of common stock. (Round your "per share" value to 2 decimal places.)
5.
Compute the amount of dividends in arrears (if any) that preferred stockholders may expect from future declarations of dividends.
Analyze:
Assume only Part 1 has transpired. If, in 2015, the board of directors declared a dividend of $51,000, what amount would be paid to preferred stockholders?
In: Accounting